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Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
 Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to continue hitting dry bulk shipowners hard.
Tonnage supply hit a massive 605 million dwt at the end of 2011, an increase of 15.2%, which is even more impressive considering 19 million dwt was removed in the same period. With rates suffering under current market conditions Drewry’s forecast for the fleet hitting 684 million dwt by the end of 2012 and 765 million dwt by the end of 2016 signals daunting prospects for the future.
The near future will play heavily on supply-side fundamentals, as ships continue to hit the water at a very fast pace. Given the colossal delivery schedule and slippage from previous years, deliveries in 2012 are forecast to increase further to 97.6 million dwt. The largest increase in deliveries is foreseen in the VLOC segment, where a total of 16.5 million dwt of tonnage will hit the water compared with only 8.9 million dwt in 2011. In light of China’s recent ban on such vessels, this could mean further headaches for owners.
Demolition in this over-supplied market totalled 19.1 mdwt in 2011, nearly quadruple that of the preceding year, as the ailing hire market forced owners to retire older ships. 2012 levels are forecast to reach almost the same as 2011 due to the declining average demolition age of vessels. However the Capesize segment is set to see a decline in demolition levels as most of the obsolete vessels were already demolished in 2011. In the longer forecast period all demolitions are expected to decline, to total 10.6 mdwt in 2016.
Shalini Shekhawat, a dry bulk analyst at Drewry stated, “It’s not all bad news for the sector as Drewry forecasts a 4% growth in trade for 2012, increasing yearly to a rate of 5.8% come 2016, which considering growth stood at less than 1% in 2011 is a boost for the market . Coupled with an orderbook that has been shrinking since February 2009, when it sat at 295 million dwt, there are glimmers of hope that the serious issue of over supply can start to be addressed.”
Source: Drewry
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Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
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- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- The University of Queensland
- Australian Coal Association
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
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